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$1,299,900

  • For Sale
  • Active
  • Multi-Family
  • Updated 1 day ago

Listed by John Kim | Best Choice Realty LLC | (206) 886-3986

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Investor Opportunity! 4-Plex with townhouse style units in very peaceful setting. Terrific floor-plans with each unit nearly 1,000 sqft. 2 bedrooms & 1.5 bathrooms, living room with fireplace, dining, kitchen, 2 parking spaces per unit and separate rear decks. Additional parking for guests. Quiet, wooded setting at end of cul-de-sac. Solid building with all 4 units updated, new roof installed this summer and back deck freshly painted. Close to shopping, restaurants, etc. Long term tenants. Easy to rent. Low rents with opportunity to increase.

Full Property Details for 15320 40th Ave W

General

  • Price: $1,299,900
  • Taxes: $8,857 (2024)
  • Status: Active
  • Type: Multi-Family
  • Source: NWMLS
  • MLS ID: 2436507
  • Updated: 2/18/2026
  • Added to Site: 150 day(s) ago

Interior

  • Flooring: Vinyl Plank, Carpet

Additional Information

  • Amenities: Deck, High Speed Internet

Parking

  • Uncovered Spaces: 8

Location

  • Area: 730 - Southwest Snohomish
  • County: Snohomish
  • Subdivision: Alderwood
  • Building Name: Alderwood Manor 04
  • Driving Directions: North on 99 to the House of Clocks. Just N of intersection turn Left on 40th W.

School Information

  • High School District: Edmonds
  • Elementary School: Beverly Elem
  • Middle School: Meadowdale Mid
  • High School: Meadowdale High

Heating & Cooling

  • Cooling Type: None
  • Heating Type: Baseboard

Utilities

  • Sewer: Sewer Connected
  • Water: Public

Structural Information

  • Structure Type: Quadruplex
  • Exterior Const.: Wood, Wood Products
  • Foundation: Poured Concrete
  • Roof: Composition
  • Stories in Building: 2
  • Square Feet: 3,812
  • Year Built: 1980

Unit Information

  • Units in Building: 4

Lot Features

  • Property View: Territorial
  • Lot Size (Acres): 0.31
  • Lot Size (Sq. Ft.): 13,504
  • Lot Size Source: Realist
  • Lot Features: Dead End Street, Paved
  • Zoning: Multi-Family

Financial Considerations

  • Tax Amount: $8,857
  • Tax Year: 2024
  • Terms: Cash, Conventional

Disclosures and Reports

  • Special Conditions: None
  • Property ID: 372901102103
  • Block: 11
  • Lot Number: 213

Listed by John Kim | Best Choice Realty LLC | (206) 886-3986

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Schools serving 15320 40th Ave W

School District:Edmonds School District
NameGradesDistance
Beverly Elementary School
5221 168th Street Southwest, Lynnwood, WA 98037
K-61.1 mi
Meadowdale Middle School
6500 168th Street Southwest, Lynnwood, WA 98037
7-81.8 mi
Meadowdale High School
6002 168th Street Southwest, Lynnwood, WA 98037
9-121.6 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 15320 40th Ave W Get Price Alerts and Save Property

Date
Details
Price
Change
Source
9/23/2025
Listed
$1,299,900
53.83%
MLS
6/26/2018
Sold
$845,000
—
Public Record
Get Price Alerts and Save Property
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Tax History for 15320 40th Ave W

Year
Property Taxes
Change
Tax Assessment
Change
2025
$9,305
18%
$1,025,700
8%
2023
$7,917
-14%
$950,100
4%
2022
$9,230
4%
$916,000
—
2021
$8,880
—
$916,000
17%
2021
$8,880
-1%
$782,000
—
2020
$8,931
19%
$782,000
21%
2019
$7,511
3%
$648,000
17%
2018
$7,277
18%
$552,000
15%
2017
$6,151
18%
$478,000
20%
2016
$5,204
—
$400,000
5%
2015
$5,213
4%
$381,000
5%
2014
$5,005
—
$362,000
—
View All
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

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Listed by John Kim | Best Choice Realty LLC | (206) 886-3986

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15320 40th Avenue W, Lynnwood, WA 98087 (MLS# 2436507) is a Multi-Family property with 4 units containing 0 bedrooms and 0 full bathrooms. 15320 40th Avenue W is currently listed for $1,299,900 and was received on September 23, 2025. Want to learn more about 15320 40th Avenue W? Do you have questions about finding other Multi-Family real estate for sale in Lynnwood? You can browse all Lynnwood real estate or contact a Coldwell Banker agent to request more information.

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